According to the Financial Industry Regulatory Authority (FINRA), Boca Raton, Florida-based Dawson James Securities broker Peter Ruggiere has received resolved or pending customer disputes. Mr. Ruggiere allegedly misrepresented material facts related to investments in preferred stock products, recommended unsuitable investments and used margin against the customer’s interest, made unsuitable investment recommendations, executed unauthorized trades, and churned investments. This is sometimes referred to as excessive trading, and is a particularly egregious form of broker misconduct, where the broker trades in and out of stocks in order to generate large commissions for himself. It typically results in unnecessary fees for the client, and is against securities laws and internal firm rules and regulations.
All of the above mentioned are against securities laws and firms like Dawson James can be held liable for losses suffered with their brokers on a contingency fee basis in the arbitration forum.
According to FINRA BrokerCheck records available online, Peter Ruggiere was previously registered with Josephthal Lyon & Ross Inc. in New York, New York from June 1992 until June 1994, Joseph Charles & Associates in Boca Raton, Florida from June 1994 until November 2000, Newbridge Securities Corp in Boca Raton from November 2000 until July 2007 and Capital Growth Financial in Boca Raton from July 2007 until February 2008. He is currently registered with Dawson James Securities in Boca Raton, and has been since February 2008. He has four customer disputes against him, three of which are currently pending and one criminal final disposition.
Disclaimer
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.
